China blasts U.S. over trade protectionism

Globe and Mail ^ | 23/03/06 | BARRIE MCKENNA

[Old_Mil]

Thank you for posting this. It clearly illustrates the one-sided nature of trade with China, and why it is a bad idea:

Boeing is China 's largest commercial aviation partner. Over the next 20 years, Boeing forecasts that China will need 2,300 jetliners, becoming one of the world's largest airplane markets. [true enough - but here's the other shoe]

Today, more than 3,500 Boeing airplanes -- one third of Boeing's world fleet -- have major parts and assemblies built in China. Examples of major parts and assemblies built for Boeing by the Chinese industry include the 737 horizontal stabilizer from Shanghai Aircraft Corporation, 737 vertical fin from Xian Aircraft Corporation and 737 tail section modules from Shenyang Aircraft Corporation.

Why is that, you ask? Well, the leaders of China understand something that our leaders do not understand. That is, the world's superpowers have always had a strong domestic manufacturing infrastructure. Boeing transferred this manufacturing to China because the Chinese demand this sort of a transfer of technology and capital on a routine basis holding out the mythical carrot of "a billion consumers" to shortsighted American CEOs.

Of course, more often than not, these companies get their pockets picked and come home the poorer for it (Qualcomm's experience, for instance).

[1rudeboy]

"Free trade?" No. Lower tariffs? Usually.

[hedgetrimmer]

Of course, more often than not, these companies get their pockets picked and come home the poorer for it

I doubt if Caterpillar Inc. CEO Jim Owens, is coming home. He has been fully "free traitorized" and his allegiance appears to be with China now.

[defenderSD]

More Bulls*** from China about trade. Notice how they never respond directly when we object to their massive theft of our software, music CDs, and movie DVDs. Instead they make diversionary statements about some insignificant issue to try to change the subject. In China, power talks and Bulls*** walks. It's time to hit them with a 8% tariff on a broad range of manufactured products. They do not respect Americans and they are currently engaged in a deliberate, calculated economic assault on America.

[jec41]

Of course, more often than not, these companies get their pockets picked and come home the poorer for it (Qualcomm's experience, for instance).

You might have a incorrect conclusion. Boeing and China have had a close relationship since the 1930's. Boeing's first seaplane was designed by a Chinese engineer.

[TBP]

So repeal the bill. What could be the harm?

[defenderSD]

Chinese government officials also have a really annoying habit of continuous bald-faced and very obvious lying about trade issues. Hey China, you're not fooling anybody. We know when your government is lying, every time. All you're doing is annoying us and bumping the future tariff up by another 2% with all your lies. It's time for China to show some respect for America and the free world.

[1rudeboy]

Seeing that Caterpillar is one of the largest exporters in the U.S., and seeing that you (presumably) do not wish it to sell to China, how many earth-movers are you ready to buy? It'll have some excess capacity if you succeed.

[texastoo]

The harm????? We wouldn't be following the mandate of the UN.

[texastoo]

The harm????? We wouldn't be following the mandate of the UN.

[texastoo]

The US has been getting their pockets picked from China for years.

Table 1. U.S. Merchandise Trade with China: 1988-2000
($ Billions)

Year U.S. Exports U.S. Imports U.S. Trade Balance
1988 5.0 8.5 -3.5
1989 5.8 12.0 -6.2
1990 4.8 15.2 -10.4
1991 6.3 19.0 -12.7
1992 7.5 25.7 -18.2
1993 8.8 31.5 -22.8
1994 9.3 38.8 -29.5
1995 11.7 45.6 -33.8
1996 12.0 51.5 -39.5
1997 12.8 62.6 -49.7
1998 14.3 71.2 -56.9
1999 13.1 81.8 -68.7
2000 16.3 100.1 -83.8

Source: U.S. Department of Commerce.

[defenderSD]

Speaking of companies getting their pockets picked by China, check out a post by Cowboy Jay on this thread about how his company was ripped off by China. I'm afraid this kind of behavior by China is all too typical. This thread is right here.

[Toddsterpatriot]

The US has been getting their pockets picked from China for years.

How is buying low priced goods from China equivalent to getting our pockets picked?

Do you think trade deficits are bad? Do you think trade surpluses are good?

[TBP]

The harm????? We wouldn't be following the mandate of the UN.

GOOD!!!!!

[defenderSD]

Sorry, I had a typo in that link. Here's the correct link to Cowboy Jay's post

[defenderSD]

He's talking about the way China rips off American companies by tricking these companies into doing largely unpaid R&D work and investment for China without the long-term benefits that China promised when the companies made these deals. Check out the very telling story by Cowboy Jay. Link is posted above.

[Euro-American Scum]

China is living off our dollars, and they should be grateful they are in better shape than N. Korea because of it.

Not to worry. At this rate, they'll be a completely self-sufficient economy (not to mention military) in a few years and will be able to tell Wal-Mart to go pound sand.

[defenderSD]

What you're seeing on these theads is the truth emerging about China, without being sanitized by State Department wonks who have a hidden agenda to "maintain good relations with China" and move US manufacturing to China. No wonder there are people in our government who want to shut down FR.

[Old_Mil]

How's that for "free trader" logic? A communist country getting market-economy status? "free trade" is worse than a joke, its a catastrophe for freedom.

It's probably safe to say that by 2016, China will be more ofa "socialist dictatorship" than a fully communist nation in the Soviet model. Of course, it's the "dictatorship" portion of that equation which they won't relinquish. Of course, perhaps the reason that free traders are so comfortable doing business with such regimes is that the believe that a socialist dictatorship is the political destination of our own republic.

The difference between the Chinese and the Russians is that when push came to shove, the Soviet Army wouldn't fire on its own people and the Chinese army did.

[Toddsterpatriot]

He's talking about the way China rips off American companies by tricking these companies into doing largely unpaid R&D work and investment for China without the long-term benefits that China promised when the companies made these deals.

No, he's talking about trade deficits. That's why he included trade figures, imports and exports.